Beware of cheques in the post from your credit card lender. Part 2

According to research from Money Supermarket these

Use Homeowner personal loans to finance your needs the secured way: Homeowners are well placed to raise a loan at the best rates available. This article explains
Personal Loans are here to fulfill your Personal Desires: Introduces the key issues when choosing a personal loan.
Unsecured Personal Loans. When you are your guarantor and not your home: Interested in an unsecured loan? This article is good background reading
Used Car Loans: The car salesman will also want to sell you a loan. Stop. You ill probably get better terms elsewhere.
Remodel your Home. Take a Home Improvement Loan: A good introduction if you want a loan for home improvements
IS YOUR LOAN COMPANY RIPPING YOU OFF?: Despite what they might profess, money lenders with sky high interest rates are preying on the people who are in the worst position of anyone else to pay the cash back. But no more, says the Competition Commission, which is standing up to these ‘Loan Sharks' and taking a stand.

cheques typically have a 2% handling fee and thereafter attract an ongoing ( term assurance ) APR well above 20%. And when you use the cheque, you don't ( insurance ) benefit from the usual 56 day interest-free period.

What's more with these cheques, you get a lower level of consumer protection. If the good ( online car insurance ) turn out to be sub-standard, you are not protected by the Consumer Credit Act 1974, which means you are not entitled to a refund.

You have been ( cheap loans ) warned!

Your home may be repossessed if you do not keep up your repayments on a mortgage or any debt secured on it.
Loans may be secured on your home or other property. Think carefully before securing other debts against your home.
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